J. W. Coons Advisors LLC Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

J. W. Coons Advisors LLC bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 806 shares of the communications equipment provider’s stock, valued at approximately $311,000.

A number of other large investors have also added to or reduced their stakes in the stock. Beacon Capital Management LLC grew its position in Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the period. Pinnacle Associates Ltd. grew its position in Motorola Solutions by 2.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock worth $436,000 after purchasing an additional 30 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Motorola Solutions by 1.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock valued at $1,033,000 after acquiring an additional 30 shares during the period. Forum Financial Management LP grew its position in shares of Motorola Solutions by 2.3% during the 2nd quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock valued at $521,000 after acquiring an additional 30 shares during the period. Finally, Ancora Advisors LLC grew its position in shares of Motorola Solutions by 0.5% during the 1st quarter. Ancora Advisors LLC now owns 6,771 shares of the communications equipment provider’s stock valued at $2,404,000 after acquiring an additional 31 shares during the period. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 1.1 %

MSI opened at $442.04 on Friday. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $443.88. The firm’s fifty day moving average is $403.43 and its 200 day moving average is $369.48. The stock has a market cap of $73.75 billion, a price-to-earnings ratio of 54.64, a price-to-earnings-growth ratio of 3.85 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company earned $2.41 EPS. Motorola Solutions’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s payout ratio is currently 48.45%.

Wall Street Analyst Weigh In

MSI has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI boosted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America boosted their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Barclays boosted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and an average target price of $457.40.

Insiders Place Their Bets

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the sale, the director now directly owns 8,141 shares in the company, valued at approximately $3,037,488.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the sale, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,949 shares of company stock worth $12,002,807 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.